Austria s thermal power industry faces significant challenges from extensive renewables subsidies and falling electricity import costs. This resulted in the closure of several thermal power plants in ---- including Verbund s Neudorf/Werndorf oil-fired plant. ...By the end of the forecast period coal-fired power will therefore only comprise about -.- of power generation, down from -.- in ----. While coal and oil-fired power declines, prospects for the gas-fired thermal energy sector are slightly more positive and the use of natural gas fired thermal power is expected to increase marginally throughout the forecast period, rising from -.--TWh in ---- to -.-TWh in ----. Leading power firm EVN Group reports that thermal generation (and revenues) are increasing because of the requirement for balancing electricity in ...While coal and oil-fired power declines, prospects for the gas-fired thermal energy sector are slightly more positive and the use of natural gas fired thermal power is expected to increase marginally throughout the forecast period, rising from -.--TWh in ---- to -.-TWh in ----. Leading power firm EVN Group reports that thermal generation (and revenues) are increasing because of the requirement for balancing electricity in
...The biggest change potentially facing Austria s power sector is Germany s split of the shared electricity market. While the Agency for the Cooperation of Energy Regulators (ACER) is reportedly backing the move, Austria, via E-Control, is challenging the decision through the European Courts. ...We have updated our forecasts this quarter in light of revised industry data. Total electricity generation is now forecast to increase from --.-TWh in ---- to --.-TWh in ----, followed by further growth through to the end of the current forecast period in ----. Hydropower will make up over half of the electricity generated in the market. ...Total electricity generation is now forecast to increase from --.-TWh in ---- to --.-TWh in ----, followed by further growth through to the end of the current forecast period in ----. Hydropower will make up over half of the electricity generated in the market.
...BMI View: Austria s domestic power sector is highly developed, with near universal access to the grid and a well-established renewable energy sector. Limited growth in consumption and a lack of public investment capacity means there is little demand for new power plants and outside of the non-hydropower renewables sector we do not expect to see any rapid gains in total generation and capacity. ...
